Opinions
The Panic-Proof Portfolio (Stockchase Research)
Grupo Financiero Galicia ADR
GGAL-Q
TOP PICK
Oct 17, 2024
$48.820
Stock price when the opinion was issued
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It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
GGAL provides financial banking, insurance and lending services to customers in Argentina. It has benefited from higher interest rates, leading to a 24% increase in operating income. It trades at 7x forward earnings, 1.5x book and supports a ROE of 37%. We like that cash reserves are still growing, while debt is retired. We recommend setting a stop-loss at $36, looking to achieve $63 -- upside potential of 29%. Yield 5.3%
(Analysts’ price target is $63.49)